The global economy will more than double in size between 2010 and 2040 during which the energy demand will grow by more than 30%, according to ExxonMobil.
Oil and natural gas will continue to play a central role in meeting the world’s energy needs, by virtue of their availability, versatility and affordability, ExxonMobil’s senior vice president Andrew P Swiger said at the Brookings Doha Energy Forum 2012. In the decades ahead, the world will depend on partnerships between international oil companies and national oil companies to unlock new supplies of energy, apply high-impact technologies, and effectively manage safety and environmental risks, Swiger said.
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